Dr. Alex MacGregor Responds to Ontario's Research Funding Promise...

Toronto Institute of Pharmaceutical Technology President Speaks

"The new pharmaceutical investment initiative by the Ontario government will certainly lead to a positive gain in the province’s positioning in the fast growing pharmaceutical and bio-pharmaceutical industry.
~
Historically, we know that a province or country cannot become a beneficiary of such a lucrative industry without much commitment, strategic planning and vision. There are many competitors globally such as India and China who continue to pose serious treats to North America’s pharmaceutical or life-science manufacturing jobs. The most limiting short-coming in these regions have always been intellectual property, skilled-human capital and accessibility to regulation minded skilled labor.

~

If the Ontario funding, in part, targets skills training in such areas as pharmaceutical research & development, process engineering and manufacturing technology, it will certainly cultivate or at least foster the cultivation and retention of intellectual property within the province. This will undoubtedly spur economic development through creation of knowledge-based highly paid skilled jobs as well as provide the much needed low-risk impetus for pharmaceutical companies to initiate new drug and process development.

~
I also note the emphasis of the fund is to encourage manufacturing job retention in Ontario. This is on point. The strong Canadian dollar could potentially discourage pharmaceutical manufacturing in Canada; however when the benefits of skills access and government loans/grants is carefully considered, it most certainly will counterbalance this potential fear and in the long run position the province as a global competitor.

Aside from the political nuance surrounding the $150M fund, it’s a brilliant idea that should not only be monitored but also encouraged."

~

Come to TIPT's Open House & Facilities Tour!

Saturday, January 12th
12:00 pm to 3:00pm

Highlights:
* Pharmaceutical industry overview*
TIPT program information*
A panel of senior instructors to answer all of your questions*
Tour our State-of-the-Art research and quality control laboratory and manufacturing pilot plant* Entrance assessment & on-the-spot registration*

Speak with Career Placement AssistanceLearn about careers in:
* PHARMACEUTICAL RESEARCH & DEVELOPMENT
* Prerequisite: Minimum B.Sc. or equivalent PHARMACEUTICAL QUALITY ASSURANCE & CONTROL
* Prerequisite: Minimum B.Sc. or equivalent PHARMACEUTICAL MANUFACTURING TECHNOLOGY
* Prerequisite: Minimum High School Diploma Space is limited
416-296-8860

R.S.V.P. today and bring a friend*, Refreshments will be served*

Admissions will be granted based on successful completion of the Entrance Assessment and submission of educational qualifications.

RESOURCES

http://www.newswire.ca/en/releases/archive/January2008/09/c7577.html

www.ontario.ca/innovation